Let’s analyze the performance of our advanced supply and demand system and its significance in predicting SPY’s movements.
In our previous analysis on June 9th, we emphasized the critical level of 430 on the daily chart of SPY. Now, on June 18th, we can observe that SPY successfully surpassed 430 and came close to reaching 444.50 and 4482.30 before experiencing a slight retreat to around 440.
For SPY to maintain its momentum towards the next zone at 444.50 and 448.30, the price must remain above 440. However, if it fails to do so, a potential retest of support levels at 4434.20 and 430.50 might occur.
Monitoring the critical levels around 444.50, 440.00, and 430.40 is crucial as they will likely influence SPY’s future movements.
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